Your message has been sent. Thank you!

kerala

Andhra Pradesh

Rest of india

Tamilnadu

karnataka

Helpline no :

Muthoot

MENU

Latest News :
  • The Muthoot Group Becomes One Of The First In The NBFC Sector To Launch An Al-Based CHATBOT - “MATTU & MITTU” Read More
  • Muthoot Vivaha Sammanam 2018-19 Read More
  • The Muthoot Group Supports Wheelchair Cricket India With Title Sponsorship Read More
  • The Muthoot Group donates Rs.1.5 crores to Chief Minister’s Flood Relief Fund Read More
  • Launch of Muthoot-CSK Limited Edition Gold Coin Read More
  • Muthoot Vivaha Sammanam 2018 Read More
  • The Muthoot Group’s - #TakingIndiaForward video among the Top 10 Youtube Ads of February 2018 Read More
  • The Muthoot Group’s Association with IPL – Principle Team Partner for Chennai Super Kings Read More
  • Golden Handshake Between the Muthoot Group & Shri Amitabh Bachchan Read More
  • NON-BANKING FINANCE COMPANY OF THE YEAR 2017 Read More
  • NBFC Brand of Kerala Read More
  • Muthoot Finance Registers 46% Increase in Net Profit Read More
  • Shri Alexander George Muthoot’s Interview to Career Connect Magazine on Education Trends Read More
  • Muthoot M George Foundation Launches Muthoot Snehasammanam 2017 Read More
  • Xandari Resort & Spa, Costa Rica Awarded The Tripadvisor Traveller's Choice Award For 5th Time Read More
  • St. George’s School Awarded For Eco Club By Directorate Of Education Read More
  • Shri Alexander George Muthoot in an interview with Hindustan Times Read More
  • Muthoot M George Excellence Awards Launched in Karnataka Read More
  • Muthoot M George Excellence Awards Launched in Kerala Read More
  • Shri M G George Muthoot is One of the Top 40 BFSI CEOs Read More
  • MITS Retains First Position in B-Tech S4 Results of M G University Read More
  • Shri M G George Muthoot is the 48ᵗʰ Richest Indian Billionaire Read More
  • Inauguration of Muthoot M George Excellence Award 2016 - Distribution of Cash Prizes for Telangana Government Schools Read More
  • Muthoot Finance subsidiary, Belstar Investments awarded Microfinance Organisation of the Year - 2016 Read More
  • Muthoot Finance selected as one of the 100 best companies for Women in India Read More
  • Now, make your WILL online with Muthoot Securities in just 30 minutes Read More
  • The Muthoot Group launches ‘Fair Play Gold Coin’ for Dhanteras to commemorate partnership with Hero Indian Super League Read More
  • The Muthoot Group announces association with Hero Indian Super League for the third consecutive year Read More
  • Muthoot Finance gets upgradation in rating for long term debt: ICRA Read More
  • MUTHOOT FINANCE RECOGNISED AS AN EXCELLENT WORKPLACE, GETS SHOWCASED ON CNBC TV-18 Read More
  • Muthoot Homefin Opens Corporate office in Mumbai Read More
  • NABH Accreditation for MGM Muthoot Medical Centre, Kozhencherry Read More
  • Inauguration of Muthoot M George Excellence Award distribution 2015 & Cash prizes for Telangana Government Schools Read More
  • Toilet Complex at St. Thomas Higher Secondary School, Karthikappally Read More
  • Muthoot Sneha Sammanam 2016 Read More
  • Foundation Stone laid for Sansakara School Read More
  • Shri. M.G. George Muthoot, Chairman of The Muthoot Group spoke to BW|Businessworld’s Sapna Bhardwaj on his budget expectation Read More
  • Expectations on the forthcoming budget by Shri M.G. George Muthoot, Chairman, The Muthoot Group Read More
  • The Muthoot Group and WWF-India join hands for 'Friends for Life’ Read More
  • Launch of Muthoot Management Academy Read More
  • Muthoot Finance Healthy Wealthy Kerala road show flags off from Cochin Read More
  • Muthoot Finance launches Muthoot M George Excellence Award 2014 & Cash prizes for Karnataka Government Schools Read More
  • Muthoot Finance announces 'Muthoot ATM Transact & Win Contest 'Winner Read More
  • Muthoot Finance Appoints two Additional Directors as Board of Directors of the Company Read More
  • Muthoot Global Money Transfer Services launched in European Countries via web portal www.rupee2india.eu Read More
  • Muthoot Group unveils The Muthoot Group Fair Play Award trophy. Read More
  • Muthoot Group associates with Indian Super League. Read More
  • Muthoot Diagnostic centre receives ISO 9001:2008 Certification Read More
  • Muthoot launches its CSR initiative “Muthoot Snehasraya” to spread awareness Read More
  • Saffron Route to host its first education fair for students Read More
  • Muthoot Group ties up with Burlington Group Read More
  • Muthoot Finance Ltd successfully completes its Institutional Placement Program Read More
  • Muthoot Finance launches 37th ATM in Bangalore. Aims to open100 ATMs in Karnataka region by end of 2014 Read More
  • Budget Should Give Policy Directions & Accelerate Growth’. Mr. George Alexander Muthoot, MD, Muthoot Group, talks to BusinessWorld Read More
  • International Nurses Day was celebrated at MGMMMCK,Kozhencherry Read More
  • Medical camp conducted at Mar Thoma Church Auditorium, Kuzhikkala Read More
  • Muthoot Group Launches Instant Domestic Money Transfer (DMT) Services By Joining IMPS Network Read More
  • Mr. M.G George Muthoot, Chairman Muthoot Group awarded with ‘Emerging Business Leader of the Year’ title by Hon’ble Union Minister of Home Affairs, Shri Rajnath Singh at AIMA Managing India Awards, 2014. Read More
  • As a part of CSR activities of Muthoot Group, umbrellas were distributed to students of CMS High School, Chalukunnu, Kottayam Read More
  • Muthoot Finance launches its first ever white label ATM, a landmark development to revolutionize financial inclusion and financial services in India. Read More
  • M G George Muthoot Honoured with the Kerala State Business Excellence Award and GJTCI Excellence Award Read More
  • Muthoot M George Excellence scholarships launched in Andhra Pradesh Read More
  • Asian Sustainability Leadership Award & Asian BFSI Award Read More
  • Dr. Mrs. Sara George, Principal, St.George’s School receiving the coveted Award for “Best Principal of the State” for the year 2012. Read More
  • Dr. Sara George Muthoot conferred with ‘Spark of Excellence Award’ Read More
  • St. George's School Recognized in Top 10 Schools of South Delhi Read More
  • Muthoot Finance Embraces Kochi International Half Marathon Read More
  • The Muthoot Group eyes a new Banking Licence. Read More
  • Virender Sehwag Inaugurates Second Season of Muthoot Group’s Paul George Memorial Tournament Read More
  • Kapil Dev Felicitates the Winners of the Paul George Memorial Tournament Read More
  • Muthoot Finance bags IT innovation award under BFSI category Read More
  • Muthoot M George Excellence Scholarships Launched in Karnataka Read More
  • Muthoot Group Wins Golden Peacock for HR Excellence Read More
  • George Alexander Muthoot is Dhanam Businessman of the Year 2012 Read More
  • Promoters of Muthoot Finance apply for Banking License Read More
  • Muthoot Finance Receives ‘In-Principle Authorisation’ from RBI to Establish White Label ATMs Read More
  • Muthoot Haathi Mera Saathi – educational initiative’ Reaches Jharkhand Slums Read More
  • Chairman of Muthoot Group Conferred With ‘Maulana Jamil Ilyasi Excellence Award’ Read More
  • Muthoot Finance launches Its Western Union Counter Read More
  • The Muthoot Group flags off its Golden Bat for IPL 6 season Read More
  • Muthoot Precious Metals Corporation unveiled its new engraved gold coin Read More
  • Muthoot Finance Ltd. Wins The Rotary Binani Zinc CSR Award Read More
  • Muthoot Finance wins Skoch Financial Inclusion Award 2013 Read More
  • Paul George Memorial Tournament Read More
  • St. George’s School Principal honoured with Gem of India Gold Medal Read More
  • Muthoot Group Wins Golden Peacock Award For Corporate Governance Read More
  • ‘Asian BFSI Award for Most Admired Loyalty Program’ Read More
  • Under-19 captain Unmukt Chand felicitated By Muthoot Group Read More
  • Business Excellence Award –2012 Read More
  • St. George’s School felicitates IAS topper Ravi Dhawan Read More
  • Alexander George Muthoot, Director The Muthoot Group, shared his views with Economic Times. Read More
  • Students of University of North Carolina visited Muthoot’s corporate office in Cochin. Read More
  • Sh. George Alexander Muthoot addressed the gathering at the Indian Business Conference held at Columbia Business School. Read More
  • 7th International Conference on CORPORATE SOCIAL RESPONSIBILITY at the Dubai Global Convention 2012. Read More
  • Award for CSR Read More
  • Muthoot Group - the only sponsor to launch a Gold Coin for its team Read More
  • Business Leadership’ for the year 2012 at Golden Peacock Awards Read More
  • Asian Businessman of the year 2011 Read More
  • Read More
  • Felicitation at Delhi Read More
  • Businessman of the Decade Award Read More
  • Life Time Achievement Award Read More
  • TIMES OF INDIA award for Excellence in Bussiness Read More
  • Awards to "Shri M.G. George Muthoot", Chairman of The Muthoot Group Read More
  • The Open International University, Colombo Awards Ph.D to Mr. George Alexander Muthoot, MD The Muthoot Group Read More

Muthoot Finance launches its first ever white label ATM, a landmark development to revolutionize financial inclusion and financial services in India.

New Delhi: In a landmark development to revolutionize financial inclusion and financial services in India, Muthoot Finance Ltd., India’s largest gold financing company, a flagship company of The Muthoot Group, has become one of the first-ever NBFC to obtain RBI’s licence for setting-up White Label ATMs (WLAs) in the country.

Muthoot Finance aims to set-up 9000 WLAs in 3 years time span – 1000 in first year; 2000 in second year and 6000 in third year. Having a dominant presence in the country with 4000+ branches in over 21 states & 4 Union Territories of India, the company has taken a strategic decision to establish 65% of these WLAs in semi-urban and rural areas (mainly tier III to VI cities/towns)The ATMs will be user-friendly WLAs; even for the differently-abled people – in terms of voice, Braille and wherever feasible, access facilities by ramp also. Muthoot intends to put in place customer grievances redressal mechanism with a definite time frame for resolution of grievances.

Commenting on the development, Mr. K.R Bijimon, Chief General Manager, Muthoot Finance Ltd. says, “This is a remarkable development and it has opened host of opportunities for us. With a view to enhance our brand image, and diversify our activities, we had applied to RBI for license to set up a WLA network. Having a very large penetration in semi urban and rural India, it has been our long term strategy to offer innovative payment products and channels to the customers. We intend to install 9000 ATMs in next 3 years and are now working towards obtaining the certification of Authorization from RBI. The process of identifying Sponsor Bank/s and finalizing ATM network across India has already begun.

Being an industry leader, Muthoot Finance will drive on its existing strengths for setting up WLA in various geographical locations- the use of synergy derived from the market leading position in Gold Loan business; a strong presence in under served rural and semi-urban markets.

Earlier in June 2012, the Reserve Bank of India had issued policy guidelines permitting non-bank entities to set up and operate WLAs in the country after seeking Authorization under the Payment and Settlement Systems Act, 2007. Previously, only banks were permitted to set up and operate ATMs in India. The primary objective of permitting non-banks to operate WLAs was to enhance the spread of ATMs in semi-urban and rural areas (mainly tier III to VI cities/towns).

Paul George Global School, New Delhi



Sanskara School, Kochi Walk-through




Branch locator



ASK
Mattu & Mittu